Cintas (MEX:CTAS) Piotroski F-Score: 8 (As of Jun. 25, 2026) — 14% Above Median


MEX:CTAS Cintas Corp MEX:CTAS
85 GF Score
Price MXN2,853.00
GF Value MXN3,227.82
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Cintas Piotroski F-Score?

Cintas MEX:CTAS 85 Piotroski F-Score is 8 as of Jun. 25, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates MEX:CTAS with a GF Score™ of 85/100 and a GF Value™ of MXN3,227.82 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,063 Business Services companies, Cintas ranks better than 97.74% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Cintas has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Cintas's Piotroski F-Score or its related term are showing as below:

MEX:CTAS' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Cintas was 9. The lowest was 5. And the median was 7.

Cintas  (MEX:CTAS) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Cintas Piotroski F-Score Related Terms


Cintas Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cintas's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cintas Piotroski F-Score Chart

Cintas Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 9.00 7.00 8.00

Cintas Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 8.00 8.00 8.00 8.00

MEX:CTAS vs CPRT, GPN, ULS: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Cintas's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cintas Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Cintas's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cintas's Piotroski F-Score falls into.


MEX:CTAS
85GF Score
Cintas Corp MEX:CTAS
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 8709.662 + 9263.142 + 9074.792 + 8653.333 = MXN35,701 Mil.
Cash Flow from Operations was 12441.448 + 7817.315 + 9732.122 + 10702.183 = MXN40,693 Mil.
Revenue was 51832.767 + 51265.116 + 51296.467 + 48931.655 = MXN203,326 Mil.
Gross Profit was 25764.109 + 25774.011 + 25877.035 + 24943.426 = MXN102,359 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was
(197272.411 + 190905.494 + 185543.664 + 185636.599 + 176231.839) / 5 = MXN187118.0014 Mil.
Total Assets at the begining of this year (Feb25) was MXN197,272 Mil.
Long-Term Debt & Capital Lease Obligation was MXN45,369 Mil.
Total Current Assets was MXN62,045 Mil.
Total Current Liabilities was MXN31,288 Mil.
Net Income was 7040.869 + 8916.581 + 9140.662 + 9513.461 = MXN34,612 Mil.

Revenue was 41991.069 + 49345.077 + 52211.046 + 53554.032 = MXN197,101 Mil.
Gross Profit was 20655.34 + 24698.921 + 26020.158 + 27080.002 = MXN98,454 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was
(153161.65 + 155814.876 + 178884.862 + 190896.839 + 197272.411) / 5 = MXN175206.1276 Mil.
Total Assets at the begining of last year (Feb24) was MXN153,162 Mil.
Long-Term Debt & Capital Lease Obligation was MXN45,015 Mil.
Total Current Assets was MXN68,584 Mil.
Total Current Liabilities was MXN39,843 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Cintas's current Net Income (TTM) was 35,701. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Cintas's current Cash Flow from Operations (TTM) was 40,693. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Feb25)
=35700.929/197272.411
=0.18097274

ROA (Last Year)=Net Income/Total Assets (Feb24)
=34611.573/153161.65
=0.22598067

Cintas's return on assets of this year was 0.18097274. Cintas's return on assets of last year was 0.22598067. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Cintas's current Net Income (TTM) was 35,701. Cintas's current Cash Flow from Operations (TTM) was 40,693. ==> 40,693 > 35,701 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=45369.088/187118.0014
=0.24246244

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=45015.096/175206.1276
=0.25692649

Cintas's gearing of this year was 0.24246244. Cintas's gearing of last year was 0.25692649. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Feb26)=Total Current Assets/Total Current Liabilities
=62045.046/31288.324
=1.98300957

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=68584.146/39842.798
=1.72136872

Cintas's current ratio of this year was 1.98300957. Cintas's current ratio of last year was 1.72136872. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Cintas's number of shares in issue this year was 404.717. Cintas's number of shares in issue last year was 410.307. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=102358.581/203326.005
=0.503421

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=98454.421/197101.224
=0.49951197

Cintas's gross margin of this year was 0.503421. Cintas's gross margin of last year was 0.49951197. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Feb25)
=203326.005/197272.411
=1.03068647

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=197101.224/153161.65
=1.28688366

Cintas's asset turnover of this year was 1.03068647. Cintas's asset turnover of last year was 1.28688366. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+1+1+0
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Cintas has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Cintas (MEX:CTAS) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cintas and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Cintas' Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Cintas ranks #24 out of 1063 companies in the Business Services industry, placing it in the top 2.3%.
Is Cintas' Piotroski F-Score too high?
Cintas' current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Business Services industry median Piotroski F-Score is 5.00. Cintas' value of 8 is 60% above this industry median. Based on the distribution chart, Cintas ranks #24 out of 1063 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Cintas has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cintas' Piotroski F-Score compare to CPRT and GPN?
According to the Business Services industry distribution chart, Cintas ranks #24 out of 1063 companies for Piotroski F-Score. This places Cintas in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Cintas' value of 8 is 60% above this benchmark. Historically, Cintas' own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Cintas has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cintas's current Piotroski F-Score of 8 is 60% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cintas and its competitors. For the Business Services industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cintas's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cintas stock overvalued right now?
Based on GuruFocus' analysis, Cintas (MEX:CTAS) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,227.82, compared to a current price of MXN2,853.00 — trading 11.6% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Business Services industry median of 5.00. Cintas' overall GF Score™ is 85/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Cintas (MEX:CTAS), the current Piotroski F-Score is 8 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cintas (MEX:CTAS) Overvalued in 2026?

Based on GuruFocus' analysis, Cintas stock appears to be undervalued. The current stock price of MXN2,853.00 is trading 11.6% below its estimated GF Value™ of MXN3,227.82. GuruFocus considers Cintas to be Modestly Undervalued.

Key valuation signals for MEX:CTAS:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: MXN3,227.82 vs. price of MXN2,853.00 (11.6% below fair value)
  • GF Score™: 85/100 with 1 warning sign
  • Industry Position: 60% above the Business Services median (#24 of 1063)

No single metric tells the full story. See the MEX:CTAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cintas Business Description

Address 6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737
Cintas has roots dating back to 1929, when the Farmer family cleaned and resold dirty rags to manufacturing plants in Ohio. The firm has expanded its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. At the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid supplies, fire extinguishers, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.
85GF Score

Get the complete analysis for MEX:CTAS

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,853.00
Price
MXN3,227.82
GF Value